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us. where do you think there's general agreement. second question, where do you think there's not agreement. and how do we go about reconciling that lack of agreement if we can. >> do you want to go first? >> senator carper, i think there is broad based agreement about the potential of a digital economy and virtual currencies, i think there is absolute agreement that there is enormous potential for social good, and that this is an emerging technology that needs to be protected. i also think there is clear agreement that we can't just ignore the misuse, and misuse jeopardizes the virtual ability of the currencies in the longer run. i don't think there is disagreement at all on those points. as it relates to areas -- i just don't think there is use for the laws at the exchange level. know your customer, those kinds of provisions. the greatest challenge, the greatest area we have to grapple with is how do we enforce the enforcement techniques. and the fact that this is a global phenomenon. this is something that was just issued in march of this year. the guidance that directors
questions. >> it might be advisable for us to work with them so we might be able to give them a good recommendation as to what the strength should be given kind of the predictable nature of intensifying of storms. water expands when it's heated, oceans are getting much warmer. as a result, the waves are much higher. as a result, the storms are much more devastating. so this is something that is scientifically indisputable and something we should work with them to help them think it through. it's worth noting this typhoon was forecast to potentially hit vietnam after it just struck the philippines. last month the united states and vietnam agreed to a civil nuclear cooperation agreement. i think we should begin to think about whether or not we should be putting nuclear power plants with u.s. cooperation in countries like vietnam knowing without proper protection there could be catastrophic consequences that flow from the interaction of a natural disaster and a nuclear power plant that is not as strong or well positioned as it could be. we just saw that in japan. they are going to be go
from state department and u.s. aid officials held by the foreign relations subcommittee. this is live coverage on c-span3. >>> good morning. let me welcome you all to the subcommittee on east asia and the pacific for the senate foreign relations committee. let me thank chairman menendez for allowing us to conduct this subcommittee hearing on such short notice. senator rubio, thank you very much for your help and your staff's help in arranging this hearing in record time. when we say the senate can't act quickly, we did act quickly on putting this hearing together, and i very much appreciate that, all the people who worked to make this possible. nice to see you again, we were together yesterday, billy, referred to that, but the filipino ambassador to the united states is a friend and has been extremely helpful to us. shortly after the typhoon, we had a chance to talk, and at that time i expressed our deep condolence on the loss of life as a result of the typhoon, and america's interest to exercise leadership internationally in assisting the filipinos in the recovery, saving lives, and
, may not know the city. we can use it to determine who is providing bad service, good service. those providing poor service we can't partner with. those accounts typically get deactivated. >> as an uber customer, wonder how you balance supply and demand. how are you tuning these algorithms. >> at our country we have a math department. i'm a computer engineer, scientist, background at ucla before i dropped out. i thought that would be funny. i still sort of directly manage or get involved with that team. basically seems naturally you push a button and a car comes in five minutes. how do you know that will happen. you have to predict ahead of time. the right number of cars at the same time. predicting traffic. how long does it take for a car to get there can affect how all the trips happen -- >> going to leave this. you can watch the rest online at c-span.org. live to capitol hill for senate homeland security meeting on digital currencies that allow people to exchange goods and services online without using real money. the chair, democrat from delaware, senator carper. >> many years ag
to support the women and men who are trying to move afghanistan forward. we will certainly, the three of us, be deeply involved in making that case. but we need a virtual army now that the real army is leaving, we need a virtual army to help us make the case and to build that awareness here in the united states and around the world. [ applause ] >> well, thank you to you both, mrs. bush, secretary clinton. thank you for all you've done. thank you for all you will surely continue to do. thank you for being an extraordinary bipartisan face on an issue that has no partisanship. >> we're live on capitol hill for the hearing on development of virtual currencies. what current and potential uses will be. we'll hear how national security issues could be affected by those currencies. at this hearing held by the senate banking committee. we see the chairman of the committee, senator jeff merkel from oregon seated there. i want to read the story about another hearing yesterday said virtual currency bitcoin took a big step towards mainstream as federal authorities signaled their willingness to accept i
there is such interest in retaining at least the option of using nuclear weapons in response to a massive conventional attack is that those countries underably are not keen on being liberated after six months of heavy fighted. they are interested in the attack not happening or at least being stopped. i think one of the issues that the alliance has to face, one that we face in connection with korea, that there's sort of two models of how you address an invasion. one is the kind of at some point you will decide that war is inevitable and mobilize and start flowing stuff and everything goes at once. and you talk about we used to fight in divisions the idea was we would move ten divisions to europe in ten days. it's a major of the way it was planned. first day was spent filling out paperwork. but that was what we were going to do, damn it. one of things we have to bear in mind to think realistically about this scenario, this is extremely unlikely to be an absolute bolt from the blue. there's lots of history of tactical surprise. to my knowledge no history in the last couple of hundred years at least of st
in afghanistan. it gives us a chance now, all americans, really, the chance to support those groups, to find the groups. the doctor is here, opus prize winner to promote her schools and women all over afghanistan. leslie schweitzer, fundraiser for university of afghanistan. i think maybe we may get some questions out of afghanistan from american university. you can give directly to the american university of afghanistan to make sure girls have scholarships there. so i think as our troops leave, it's very, very important that we continue to support all the programs that were built over the last 10 years in afghanistan, including many that came from this very council, the u.s. afghan women's council, and to work with our own congressmen and women to make sure afghanistan stays in the forefront, that people do pay attention to it. it's going to be -- once our troops leave, the eyes of the united states will move away. we can't let that happen. it just is so, so important. what's important are those lives in afghanistan, the people that have changed. we need to make sure they don't think we've s
. they are directly integrated into that. we are working very closely with that. and within the u.s. government doing nightly interagency calls and a variety of other mechanisms to make sure that we have our own house in order. it's been going fairly well so far as more and more ngos come in it will become a greater challenge. >> does the government of the philippines coordinate the capacities of the ngos and the need, the capacities of participating international partners as well as their own cash requirements? is that balanced together? >> yeah. their involvement in those cluster coordination meetings so you have a meeting on health every day, water every day. government of philippines is involved in those and able to hear what ngos capacities are available, what their plans are, provide feedback on that and feedback on priorities in addition to its own activities. >> there are 4 million americans plus with filipino heritage. there is strong compassion among the american people to be engaged. people want to help. i think that's true internationally, but particularly true here in america. is there a
parts, like us, and other coup tris, thus far, have been asking us what we see and financial aspect pass ports which is aml, standing setting bodies in an international community plans to take us this topic. >> in answer to your first question about the level of regulation, that's exactly what the states are trying to do with states and local regulators to make sure we have an appropriate level of oversight and supervision and if we have the tools to protect and prevent illegal activity. in terms of your second question on international regimes, i think it's important to note that many of these evolving alternative payment systems are in response to consumer demand. and as we've seen in europe and as we've seen in canada and elsewhere, there is a big demand for more realtime payments at lower transax costs. including transmission of money from one country to the next. ours has not evolved over the past four years. >> i know this has potential for abuse, but, i, you know, i may want to get back some of the folks from the treasury at some point. i do think there could at least be the poten
-handed to address the issues. >> steve saved us by holding it up. >> i have no financial interest in this. i actually can say that. a very good compendium. i would rather start on the highest end of that question where the private sector should be and touch on the comments i made earlier, which again would require a sort of paradigm shift. a paradigm shift in which we try to realize that the internet and technologies from a security perspective have differential that it's not the case the top secret computer i used to use for the government should be the very same computer with the very same protocols that i could buy in any electronics store. that makes no sense, right? it has obvious consequences in terms of moving data between top secret and secret and unclassified networks. we heard a couple of years ago how the consequence on one occasion led to the cyber net, i don't know if riddled is the right work but affected with malware. if a worm could destroy our information base. the first thing is to try to figure out what the technological solutions are. that's going to be a private sector c
to traditional financial institutions, using digital currencies, individuals may also be able to donate to illegal organizations that would otherwise be legitimately banned. some recent studies as we've been suggesting suggest it's a haven for illegal activity. we talked about silk road and we talk about liberty reserve. but those, i think, are probably just the prime examples of the point that criminals are using a broad array of criminal activities. so as we look at the lack of regulatory oversight and the market risk asoesociateassociats a continuing challenge to overall usage and endorsement. we need to discuss the effectiveness of risk mitigations. thank you for allowing me to testify and we look forward to continuing to work with you. >> thank you, profession sor hughes? >> ranking members helen and kirk and honorable members of the subcommittees. i am honored to be here with you today. monitoring the twopmenteds and taking a responsible approach to their regulation reflects their growing presence in domestic and international transactions. >> they have worked in areas that are li
contracted to build the federally facilitated marketplace system which consumers used for private qualified health plans and for programs like med cicaid and advanced tax credits. we underestimated the volume of users to access the site at one time. we immediately addressed the issue and continued to work on performance and create a better experience. health care is made up of two major subdivisions. one is called learned and continues to educate consumers. while the premium estimation tool can only sort consumers on its first launch, its functionality will be to better fit consumer shopping profiles. this is different from the application because determination for assurance affordability programs, mecaid and chip, are specific to the characteristics of an applicant in his or her household and ask only be communicated after an application is completed. i know that consumers have been frustrated in these initial weeks after the sites loan. while the hub is working as intended, after the launch of the online application, numerous problems surfaced which have prevented some consumers moving th
, that weren't all that clear.[applaus and finally ask if you would join me in thanking our panel to help us understand this concept. [ applause ] >>> today marks the 150th anniversary of president lincoln's gettysburg address. next week thanksgiving day at 4:00 and 10:00 p.m. eastern on c-span 3's american history tv. >>> ben bernanke is expected here live shortly speaking to the federal economists clubs. a number of stories have been written about what he is expects to say. australian shares lower, bernanke's speech watched. treasury's fault ahead of bernanke. we'll have bernanke's remarks live when they happen here on c-span 3. until then, treasury secretary jack lieu said the debt ceiling should be extended and he earn couraged capitol hill to take acti action. >> what are we going to do on the data issues. we got these more looming deadlines in january and february. you're saying we're not going to have another experience like we had in october? >> i think if you look at the things republican leaders have said since october. it's clear this was not a good experience either for the count
on with organized crime. we need to try to use techniques that are going to be preventive. we need to prevent instead of always reacting when it's just too late. >> tom, let me pursue also, if i could, the international part of that. you were associated with interval. could you tell us about how effective the international level of cooperation is and what needs to be done to enhance this. >> there are a number of multinational organizations and probably it is the largest and most relied upon by other countries. now here in the u.s., the fbi has the largest legal program around the world in 76 different offices overseas, which covers basically everybody but iran and north korea for the most part. the other federal agencies, customs, they do also have a ta jays. but the rest of the world can't afford it. 50 countries have their police here in washington at their u.s. embassies here, but that may cover all of north america, not just the fbi or dea or certain federal agencies. but overseas they rely on it. they have 190 member countries. what it basically is a 24/7 communication network to pass i
, is shear guts and current and determination. she never backed down. instead she's using hert talent and money to connect boys and girls to a global community and global economy where all of us are connected to each other. that's the world women in afghanistan want to share into. as she said to me, she doesn't want to be the only woman who is an entrepreneur in afghanistan. shall i wants all where i am to have that opportunity. and she believes nothing should stop any of them.i wants all wh have that opportunity. and she believes nothing should stop any of them. i'm serious when i tell you that i think of her and the women like her every time i hear the amazing numbers that illustrate how far this country has come since 2001 and that underscore what secretary clinton was saying about how lit ccritical choices are with respect to the future. in 2001 back then there were only 900,000 afghan children in school. and all of them were boys. today nearly 8 million students are in school and more than a third of them are girls. think about what that means for the future. in 2001, maternal mo
that there are numerous things that give us sitings of lines in september 3rd that clearly, this thing wasn't ready for security in september 3rd. and when our people questioned you about september 27th and there was no end-to-end and security concerns, you want to say you were taken out of context. but both september 3rd and september 27th, what we find is there was no end-to-end testing. any point of vulnerability is a point to access. anything that can reach into the data base, in fact, could be a significant security risk and has nothing to do with whether or not a module is about shopping. isn't that true? >> that's correct. >> okay. yield back. and at this point, i recognize the government from tennessee, mr. cooper next. >> thank you, mr. chairman. i'm worried that the net effect of this hearing might be to exaggerate the security difficulties of the web site. our own pentagon is attacked many times a day. so the entire internet probably should be more secure. we've got to acknowledge some system problems and then there are other issues we can deal with. another conc
. [ laughter ] >> mr. chairman, thank you. take this a different direction. use my time to tell a story about when i used to regulate truth in advertising and i couldn't get my advertisers to tell the truth, so i told them they could tell whatever they wanted in an ad, but i was going to take out a full page ad next to them saying, i don't regulate them, buyer beware. and we're really at that point, because the more we legitimize this in regulation, the more we commercial it. how do we strike that balance, because to me, if we get involved in regulation, we legitimize it as a true opportunity. >> i think there's a lot to what you say, senator, that if we regulate, we do legitimize. some of today's witnesses have talked about trust and trust is a very important factor particularly with financial products and services. so there is that risk. there is a bone in my body that says, i think that's a risk worth taking. and i think it's particularly worth taking as we think of these virtual currencies as having functions that are a lot like credit cards or debit cards in this respects. >> wouldn't yo
and services without using any real money. we'll hear from the general council of the b.i.t. coin foundation at 3:00 p.m. eastern here on c-span3. live now to the national press club in downtown washington, d.c. where feminist and founder of "ms." magazine gloria steinem will be speaking and she'll talk about what is still to come for women and the big issues that remain on the front of women's equality. >> the 106th president of the national press club. we are the world's leading -- [ applause ] >> thank you. we are the world's leading professional organization for journalist committed to our profession's future through programming with events like this while fostering a free press worldwide. for more information about the national press club, visit our website at www.press.org. to donate, please visit press.org/institute. on behalf of members worldwide, i would like to welcome our speaker today and those of you in our audience. our head table includes guests of our speaker as well as working journalists who are club members. and if you hear applause in our audience, i would note that membe
you're here to help us fix the problem and we've got to get that down. >> i want to start by asking, mr. park, if you can make comments about you're repeating a little bit, what are the specific things we can do to get this fixed? i understand all of us would like to have a hard and firm date where everything is going to be perfect. but what we're dealing with is the real world and we wanted to be functional for the vast majority of americans. what are the abc that you need to do and hopefully not require you to sleep on the floor in the office at night? >> thank you so much for the question. the team is taking all of the right steps under the leadership. first of all, the teams are monitoring across the site to understand performance of the system and where there are issues and where they are focused. secondly, i would help with that data, the team has undertaken an aggressive program improvements to actually improve the facility through tunings and configurations and et cetera which has resulted to other things, system response times going down from eight seconds to less than a se
. >> thank you, mr. chairman, and thank you, dr. yellen, for hanging in there with us. those of us at the end of the desk would love an opportunity to ask you some questions as well. i want to get back to the fed goal of full unemployment. i want to ask quick questions. give me a number on what you consider full unemployment -- or employment. >> so i don't have a precise estimate, but every three months all of the participants in the fomc fill out a survey and indicate what they think the normal longer run level of unemployment is. in our most recent survey in september, the range of opinion was 5% to 6%. >> okay. tell me, what do you believe the real unemployment rate is today? >> well, the measured unemployment rate is 7.3% -- >> i know the measured unemployment rate. that wasn't my question. >> as we've discussed previously, we have very high incidents of involuntary, part-time employment. we have all too many people who appear to have dropped out of the labor force. >> i don't want to belabor this committee hearing any longer than what i have to. would you agree that it is at least close
if everything were pulled back to the u.s., that that would be equivalent. if it were not seen as equivalent of the forward deployed deterrence, then you probably would have to do something on the conventional side. but if it were still seen as equivalent, then probably no. >> general cartwright? >> my sense is it's in the eyes of the beholder. so it may be true one way in one country and different in another, but from a purely military standpoint, my opinion -- and i've said this multiple times, as has ivo -- any capability that is on the soil in europe today can be replicated in kind and in availability from a standoff distance. that's really not a problem. and it's credible, probably to the extent more credible because it's safe, it's guarded and it can be called forward when it needs to, and it can be substituted with something that's strategic and gets there fast. from that standpoint, it's true. there is a value, though, to something that you can go back and say, it's here, and people practice, et cetera, and that's the political side of this equation, which is very important. in the p
this budget round in particular avoiding repetition of what happened the late unpleasantness. can you tell us right now here that there will not be another shutdown or another debt limit -- >> i'm comfortable with saying that. whether or not we come to an an agreement or we just have a continuing resolution that just keeps going, either one of those two scenarios will prevail and we will not have a government shutdown. the debt limit is later on. we don't know the timing of that. i don't know if you had jack lew here or not -- >> we did. >> he was able to do more extraordinary measures. that could be into the summer as late or spring but i do not believe we will have -- >> the debt limit -- >> that's going to go on later. these are disjointed events. i do not believe that you'll have the kind of theatrics surrounding that as well. >> why do you think that it will be different this time within your own conference because the speaker didn't want the crisis that happened the last time. i think and correct me if i'm wrong, i don't think you did. >> that's correct. >> but yet you couldn't control
's in a great position to discuss with us his role of insurers in reference pricing and their various partnerships. only made a couple of changes -- so, you'll be able to get the latest version. >> thank you. it's a pleasure to be here and thank you for coming. i want to start with a story relatively recently has become a big topic. it was much hidden. i'm giving some o o personal health information. i had cataract surgery four years ago and two years ago in los angeles and used for the first surgery our anthem, which provided the total cost of various procedures that was the total cost that would include the facility, the position, the anesthesiologist, whatever you need. for a cataract. and what i learned is that there was a wide variation in the cost. i live in west los angeles, where it's not only important to be healthy, you have to look good as well. one of the striking things is that a free standing surgical structure in 90210, just around the corner for the gucci store, 3200. two largest facilities, the academic institution was about 6,000. the large community hospital was 11,
programs. this is challenging. we are in unprecedented circumstances. we are using policies that have never really been tried before. and multiple policies, and we are trying to explain to the public how we intend to conduct these policies. it is a work in progress and sometimes miscommunication is possible, but i think my own view would be we certainly want to diminish any unnecessary volatility. sometimes there's volatility because we all learn news about the economy that changes our views about the course of the economy and the course of policy. and there it's natural to see a response, but to diminish unnecessary volatility, i think we have to redouble our efforts to communicate as clearly as we possibly can. that will be my emphasis. >> thank you, mr. chairman. >> senator toomey. >> thank you. i want to get back to some of the issues senator corker was raising regarding monetary policy. i think it's important to stress, i know you're well aware of these, but the adverse consequences that we're already experiencing from directly the result of the extraordinary monetary policy is problem
want to move to another component of her quote. some of us don't consider testing to be a luxury but let's assume that she's right, that additional testing would have been a luxury that would have been nice to have. how much more testing would you have done prior to launching? >> so, i'm not even familiar with the development testing regimen prior to october 1, so i can't really opine about that. >> let me ask you this. because you are the smartest one in the room. >> i'm not, sir. >> and very good at what you do, where in the heck were you for first 184 weeks? if you're being asked to fix this after october the 1st, in a couple of weeks, where were you for the first 184 after the so-called affordable care act passed? where did they have you hidden? >> so, sir, in my role of the white house in the office of science and technology policy, i'm a technology and innovation policy adviser. i have a broad portfolio of responsibilities. >> but you're obviously good enough if they brought you in to fix what was broken, it's been called a train wreck, that's not fair to train wrecks. it's
there and in charge, i have no doubt that person would not be with us today because that site would be up and running. on october 190 i joined with senator lamar alexander, a member of the minority in the senate who finds himself unable to get answers asking secretary sebelius to find documents related to healthcare.gov. unfortunately october 28th i was forced to subpoena, to date hhs has not produced a single responsive document to this committee. in contrast the committee has received far more cooperation, transparency, and document production, receiving over 100,000 relevant documents from contractors working on the project. the very contractors blamed on day one as their fault, not a single political appointee's fault, not obama's fault. i know the ranking member and i could fill an entire hearing with discussions about our differences. i have no doubt in short order he will air many of them. for this hearing, i think we can find agreement. the agreement would be simple. whether you like obama care or not, taxpayer dollars were wasted, precious time was wasted, the american people's promise of ob
components that still need to be built. >> sir, can you sit here and tell us that are not heightened risks of unath ruse id access, identity theft and loss of personally identifiable -- >> the gentleman's time time is expired. >> that was my reply in response to a decision mem mee in which we wanted to generally highlight the potential risk that's applicable to any system servicing the public and collecting investigation about people. >> i think the key is that was an early assess. not on the key system. >> thank you. the gentle lady from new york? >> thank youment i'd like to thank all of the panelists for their public service and thank the chairman and ranking member for this oversite hearing. there is a success story in the state that i'm privileged to represent. new york state. nearly 50,000 people have enrolled. almost 200,000 new yorkers have completed full applications. additionally, the state's customer service center operators have provided assistance to more than 142,000 new yorkers. and the rates for the plan represented 53% reduction completed to the previous year's rates. and
hope all of us take out of this hearing today is that we've two people from the private sector who know that they would never do a process like this one was done. and yours and my legislation is really about trying to create at least a monokem of similarity in it procurement in the federal government the way it is done in the private sector. and i thank the gentleman for his comments. >> i thank the chairman. >> so i commend mr. van rurks unkle the statement to the boss. >> you were prempbted with a doochlt thattive not seen before. it was presented by your boss, is that correct? >> correct. >> the ribly can staffers told you that this document indicated that there were two open, high risk findings in the federally facilitated market place laumplged october 1. is that correct? >> correct. >> it was dated from september 3rd and it was referring to two parts of the system that were already -- >> you're jumping ahead of me. we're going to get there. staffers continue to give you questions and then leak it to cbs news. is that correct? >> seems correct. >> since that interview, have you had
descriptions. >> sure. and to use one of the facilities and they don't have one in their community. we have a group of professionals, that's what they do. they help to coordinate the flights, the hotels, the meals, the companion traveling with them. all of that is taken care of so it's not taken out of the pocket of the associate. so it's billed as a claim. so all of that is taken care of for them. if someone can't travel, we have accommodations for that. so, it isn't intended to be such a stiff penalty just because they can't travel, so we try that first and if they're willing to do that and if they can do that, trying to get them to another centers of excellence, a tooer two. i would say one of the challenges we -- was the post operative care, so moving someone back from the centers of excellence facility and getting them back into their local provider. for that care, so it's taken a lot of coordinate between the -- the surgeon and local provider community. i think we got it all figured out, that's really where the challenge is. it's not getting them to the facility. the challenge is gett
an established network. so i use the term network loosely, but you want to be able to make sure you have plenty of providers who can offer these services, these procedures at the reference price. so consumers have the ability to choose and they don't feel overly limited. they have plenty of options, including the option to go to seek the care from providers over the reference price, but that's their choice. i won't go through the detail of all of this, but this is just a schematic of the range of reference pricing. you can have very basic reference pricing all the way to really more mature and sophisticated. and cpr also likes to talk about value pricing. reference pricing really refers to commodity type services like lab, imaging. and -- excuse me. commodity services, that's for services where quality is thought not to vary. when you move into value pricing, you're adding a quality component and quality can vary. so as you get to the higher end of that spectrum, that's when quality gets inserted. and again, when you look at the safe way, when they applied reference pricing to their colon osk p
creation that we are all lacking, even at this point in asia, europe and the u.s., i would expect to see the benefits of that a year to two years later as we're starteding to see with south korea and colombia today. it it doesn't take long to open the spigot once those tariffs come down. i would be pretty optimistic that it would help job growth and gdp growth in all three zones, but particularly this one. 95% of our consumers are outside this country. we have to learn to deal with that. >> governor? >> i mean directly, i don't have the number on the pacific, but with the ttip agreement, we think it it will go up about $2 billion, which is a lot. i think the other thing is you have to look at context in what's happening in the broader market. there are some things working in our advantage. energy costs in the u.s. are going down. that's not true in a lot of other countries around the world. we can take advantage of that. the logistics costs of transferring goods are being a bigger piece of something relative to labor piece of that good. we can take advantage of that as well. i think the
comprehensive patient-centered market-based plans and i do envision us doing so again. to your other part of your question is, i believe that we can come up with a system that has guaranteed access for affordable health insurance for all americans, regardless of whether a person has preexisting conditions or not, without this costly government takeover, without this big brother database, without government running health care, without government mandating what you can and cannot do. the problem that the president has is he jammed this through one party rule, there are a plenty of republicans, myself included, who were offering to work with him at the time for bipartisan solutions, they said none of that, and now we have what we have. so, can we have a system where people with preexisting conditions have protections? yes. can we have a system where we equalize tax benefits, where people who are low income, above medicaid, can get access to affordable health insurance? yes. and can we do that without this big government takeover, without the government forcing you to buy the insurance they
does it work for multiple failing firms all at once? >> it depends how it is used. david mason said something i agree with. he worked hand in glove with me at treasury. what he said is, if you've got the right authorities, no institution needs to be too big to fail. but in the midst of a crisis, almost any institution of size is too big to liquidate quickly. and so really the -- i believe that dodd frank gives regulators, if they have the courage to use it, the ability to come in and the authority to say, we didn't have -- when lehman went down, to come in and guarantee liabilities or inject capital as part of an orderly resolution process. it doesn't tell you how long the orderly resolution process should last. and i -- i don't believe the public would be as angry if the crisis -- if the economy hadn't turned way down and if they weren't suffering. they wouldn't be as angry if banks were propped up, failed banks in their current form. which is what david got in to with the perception of the american public. they don't understand why an institution fails, should be bailed out, propp
cecipients would happy if they did that. >> a lot of us still view -- there are too many people in washington still think older voters are fdr voters. this is a base republican vote now. seniors are a base republican vote. our way too early poll of christie and hillary -- a reminder, one of the only through groups that christie licked hillary on was among seniors. this is a rock ribbed republican group how. and so i think you're right, i think republicans are afraid of turning him off. >> i want to go back to 2016 in our way too early poll in a moment. but before that, i want for talk about social issues for a second. but again when we started covering politics, social issues were murder for democrats. now they're offensive weapons. i want you to look at where this is headed and think ten years in the future, will gay marriage be legal in every state and will marijuana be legal in every state. >> wow. let me get there indirectly. you look at surveys of millennial voters. you'll see they're not like their older siblings or parents in the sense that they're not anti-government like conservative
, todd park was telling us that at 60,000 was the target, and that 250,000, they just couldn't handle it, unquote. as the basis for that allegation, the chairman quoted from a testing document that he released, which says this. and i quote from the document. quote, ran performance test overnight. working with cgi to tune the ffm environment to be able to handle maximum load. currently we are able to reach 1,100 users before response time gets too high. mr. chao, it is my understanding that the imp 1-b environment was only a sample testing environment, not a test of the full production capacity of the entire website. am i correct in that? >> the gentleman's time is expired. the gentleman may answer. >> you're correct. the -- what we call implementation 1-b environment is about 10% the size of the full production environment. >> thank you. yield back. >> i thank you. now go to the gentleman, mr. meadows. mr. meadows, would you yield for just ten seconds for a comment? >> certainly, mr. chairman. >> i could never understand how this could handle 60,000 simultaneous users but only do six in
and put us in a worse position than before. we need to look at defense spending the way we look at any other spending and say, hey, let's not waste any more money and let's not spend money on anything else we don't need. >> with that i want the audience to know that the price of showing up today was playing in the celebrity comedy contest next year. he has people on there he knows he can clobber. ladies and gentlemen, please give a round of applause to grover norquist. thanks for joining us. >> thank you. >>> and now more from this washington ideas forum with journalist charlie cook and chuck todd. they looked ahead to the 2016 presidential election and what's ahead in congress before then, including possible passage of immigration legislation. this is 35 minutes. >>> charlie, when i first met you 30 years ago, we were then talking about a republican lock on the presidency. we knew it was a center right country, we knew that social issues worked for the republicans, and we wondered when a democratic candidate could ever carry california again. we then went through a period exemplified
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